Recently, in 2019, the UAE devised means to lure more foreigners into their country. This comes after the pandemic hit the globe and several countries experienced an economic downturn. Therefore, for the UAE to stabilize its economy, they come up with the implementation of the UAE new green visa card popularly known as the UAE golden visa. The UAE’s new green visa card empowers foreigners to live, study and work in UAE without the support from any company or sponsors. So, why should you apply for the UAE new green visa card this year?
Here are the benefits of the UAE new green visa card you’ll get upon receiving your new card in UAE;
- No need to ask for national sponsors
- Have multiple accounts in UAE
- Ease of travel
- Zero percent income and corporate tax
- Long-term residency in Dubai
- Maximum security
- Live, study and work in the country
The Dubai golden visa essentially accords the foreigners some more benefits, unlike these other types of visas in UAE. When the UAE announced this new green visa card, a lot of foreigners are searching to know all the details related to it. In fact, this is a trending topic on the internet where individuals are curious to get in-depth knowledge about the new golden visa card.
Thus, if you want to stay, work, or study in Dubai, you must be on the frontier to know more about this new card. Nonetheless, the UAE has presented several guidelines and requirements concerning who is eligible for the card and who is not. In this article, we’ve narrowed down to the benefits of the UAE new green visa card and whether you can sponsor your family with this card or not.
Benefits of the UAE New Green Visa Card
This card has gained huge popularity around the globe ever since it was launched. Despite other countries launching the golden visa card in their countries, the UAE introduced the golden card in 2019 with lots of benefits to foreigners.
However, a great number of these cards perks are yet to be known as it is a new card freshly introduced into the country. The best part about the new green visa card is the programs the card is accompanied with. You can apply to be a citizen or residence of the UAE. Therefore, there are several benefits why individuals who are eligible to apply for a golden visa should do it without hesitation. They include;
No need to ask for national sponsors
The new green Dubai card empowers expatriates to live, work and study in UAE without getting support from any company or sponsors in UAE. This is among the reasons why this card is a way more important document to have in UAE, unlike UAE family visa among others.
In addition, you’ll have full responsibility for your business in UAE without crashing shoulders with the UAE authorities. The new green card is issued for a period of five to ten years which you’ll renew when the expiry date has drawn close.
Have multiple accounts in UAE
It is always prudent to have multiple accounts for your personal savings. And, UAE provides you with an open ground to connect with several bank accounts in their countries. Therefore, when you receive your new green visa card in Dubai, it makes it easier to have the freedom to access more financial institutions in UAE.
What an easy way to invest and save your money in different accounts offering you maximum financial protection.
Ease of travel
Once you have the new golden visa in UAE, the country now treats you as one of the UAE nationals. Thus, this gives you an easy means to travel and explore the globe.
Therefore, it will be needless for you to apply for another visa again, you can live, work, and study in UAE provided you have the new green Dubai visa.
Zero percent income and corporate tax
One of the countries that provide its residences with a free tax business environment is the United Arab Emirates. The majority of business investors globally avoid taxation from their countries and come to a tax-free city like Dubai for their business setup.
Similarly, when you hold a new green visa card in UAE, you’ll enjoy zero percent income and corporate tax. Therefore, all the profits and income are tax-free in UAE, hence influencing a lot of business investors to invest in Dubai either in properties or starting businesses in the country.
Long-term residency in Dubai
Another added advantage that comes with the UAE golden visa card is the long-term residency in Dubai. Generally, the framework provides a residency stay of ten years or five visa stays, which will be renewed when the expiry date has drawn close.
Other visa cards such as an employment visa provide you with a fixed contract or unlimited that have different stay duration in Dubai. In fact, the employment contract will dictate your long or short stay in Dubai.
So, the UAE new green card will primarily give you a chance to stay, work and study in the country for a period of five or ten years.
Maximum security
Imagine living in a country where there are lots of security issues and unrest? I bet, you’d wish to vacate at any given chance, right? It is true, some countries don’t offer foreigners the maximum security they deserve. However, UAE is a land for everyone regardless of where you come from.
And, so, the new green Dubai visa provides its residents with maximum security since the country considers them as UAE residents. They can study, work and live in the UAE without sponsors and have full ownership of their businesses and properties.
Live, study and work in the country
As the new card was launched in the UAE, the country devised some guidelines and requirements that suit the new green visa card in Dubai. That means; not all foreigners can apply for this card.
There are specific individuals who can apply for this card such as those with high professions such as doctors and students pursuing medicine, engineering among others. So, if you fall among those who are eligible for this card, you can apply to live, study and work in UAE without getting support from other sponsors in the country.
Can Golden visa sponsor family?
Yes, depending on which visa type you are in, the UAE golden visa can sponsor family members, senior employees, and dependents.
UAE New Green Visa Card Final Thoughts
Holding the UAE new green visa card indicates that you can stay, work and study in UAE without support from any company or sponsors. Moreover, the countries consider you as a UAE resident. Hence you can enjoy the new green card benefits such as ease of travel, long-term residency for ten and five years, zero percent income, and corporate tax among other benefits.
